Asia’s US trade deals in doubt after Trump’s Supreme Court tariff defeat

AI Summary
A recent Supreme Court ruling weakened the legal basis for tariffs imposed by former President Trump under the International Emergency Economic Powers Act (IEEPA). In response, Trump invoked Section 122 of the 1974 Trade Act to impose a 15% tariff on all US imports. This action has caused uncertainty among Asian nations, including Indonesia, Malaysia, Vietnam, Cambodia, Bangladesh, and Pakistan, which had previously agreed to specific US import tariffs in exchange for relief from potentially higher duties. These countries are now questioning the stability and value of trade deals negotiated with the US over the past year. India has already postponed a trade delegation to Washington, signaling a cautious approach to further trade negotiations.
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